Kacper Sobotka Econ

This article brings light onto something which I believe isn’t talked about enough, and that is the impact that government involvement has on markets and their activity. It is very obvious that with the markets for clothing, automobiles, and other goods that aren’t interfered with by the government are much more affordable for a larger group of people. The markets always seem to regulate themselves to a point where everyone is happy, ultimately proving Adam Smith’s invisible hand theory to be true. A graphic shows that TV, clothing, and cell phones have all become more affordable over time. These things are not controlled by the government, rather they are controlled by consumers. Almost everyone in America owns a tv or has the money to afford one if they choose to not have one. On the other hand, the graphic shows that the price changes between 1996-2016 in markets such housing, food, healthcare, and college have all increased drastically. The involvement of government ultimately cr...